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2019-02-13 09:06:01

BA

Boeing

$410.87

6.89 (1.71%)

09:06

02/13/19

02/13

09:06

02/13/19

09:06

Boeing, Safran announce new APU joint venture name: Initium Aerospace

Boeing and Safran announce the name of their 50-50 joint venture to design, build and service Auxiliary Power Units: Initium Aerospace. The creation of Initium Aerospace follows the regulatory and antitrust approvals the joint venture received last November, after an agreement was reached in June.

Credit Suisse analyst Robert Spingarn raised his price target for Spirit AeroSystems (SPR) to $103 from $96 and reiterated an Outperform rating on the shares. With a challenging 2018 behind the company, the analyst thinks there is smoother sailing ahead on the upcoming production ramps. With visibility and margins improving, Spingarn continues to see upward momentum for the shares as ramping defense platforms should continue to provide a top-line lift even if commercial production rates stabilize in 2020, efficiency initiatives should support margins despite pricing step-downs, the most recent MOA with Boeing (BA) removes uncertainty and suspends advance repayments on the 787, while management plans to maintain its shareholder-friendly capital deployment once the pending Asco acquisition closes.

02/04/19

JEFF

02/04/19NO CHANGETarget $448JEFFBuy

Boeing price target raised to $448 from $394 at Jefferies

Jefferies analyst Sheila Kahyaoglu raised her price target for Boeing to $448 saying the company's Q4 results highlighted many of the trends that support her investment thesis, including productivity-driven earnings and growing free cash flow driving capital deployment optionality. The analyst keeps a Buy rating on Boeing.

02/05/19

BERN

02/05/19NO CHANGETarget $459BERNOutperform

Boeing price target raised to $459 from $435 at Bernstein

Bernstein analyst Douglas Harned raised his price target for Boeing to $459 from $435 after "strong" margins and cash for 2018 and 2019 guidance. The analyst notes that he heard investor concerns about cash from challenges on the 737MAX, but that was not the case. Boeing is Harned's top pick in U.S. Aerospace & Defense. He reiterates an Outperform rating on the shares.

02/11/19

JPMS

02/11/19NO CHANGETarget $450JPMSOverweight

Boeing price target raised to $450 from $425 at JPMorgan

JPMorgan analyst Seth Seifman raised his price target for Boeing to $450 following his review this weekend of the company's annual report. The analyst revised his 2020 free cash flow estimate up a bit to $16.3B, or $30 per share, which boosts his price target to $450. Further, another increase in the 737 rate beyond 57 per month "could bring advances in 2020 that we are not modeling and would be a source of upside," Seifman tells investors in a research note. He also believes Tanker drove unbilled receivables growth that should unwind in 2019. The analyst keeps an Overweight rating on Boeing.